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Smart Talk with Steven Keen discuss Neoclassical Economics

More info The Political Economy Research Centre (PERC) is a new centre for cultural and political analysis of economic life, based in ... Time for a Copernican ...
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Paul Krugman: It’s conservative economics that will turn us into Greece

Paul Krugman: It’s conservative economics that will turn us into Greece | money money money | Scoop.it
The right loves to say Obama will turn us into Greece. It's actually their plans which mimic that collapse
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Rival economic theories torpedo Greek negotiations - Deutsche Welle

Rival economic theories torpedo Greek negotiations - Deutsche Welle | money money money | Scoop.it
Greece's new government has been negotiating with its IMF and European creditors for five months - fruitlessly. The problem, say economists, is that the two sides' proposals are based on incompatible economic theories.
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Steve Keen: The Deliberate Blindness Of Our Central Planners

Steve Keen: The Deliberate Blindness Of Our Central Planners | money money money | Scoop.it
The models we use for decision making determine the outcomes we experience. So, if our models are faulty or flawed, we make bad decisions and suffer bad outcomes.

Via SustainOurEarth
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Is Bitcoin the Future of E-Commerce? - ClickZ

Is Bitcoin the Future of E-Commerce? - ClickZ | money money money | Scoop.it


These days, virtual currencies are the playthings of techies - do they have a mainstream future in e-commerce? Today, adventurous merchants are "intrigued" by bitcoin, the currency alternative.

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Why don't economists like Bitcoin? - The Verge

Why don't economists like Bitcoin? - The Verge | money money money | Scoop.it

Nobel prize-winning economist and New York Times columnist Paul Krugman wrote a blog post this weekend with a tantalizing title, "Bitcoin Is Evil," that has provoked theexpected backlash from proponents of the virtual currency.

 
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New World Order – The Endgame Has Begun - Center for Research on Globalization

New World Order – The Endgame Has Begun - Center for Research on Globalization | money money money | Scoop.it

Perhaps the single most important thing to know about power in the world today is that most nations do not have control over their own currencies. Instead privately owned, for-profit central banks – such as the Federal Reserve Bank in the US – create money out of nothing and then loan it at interest to their respective governments. This is an incredibly profitable scam, but that’s not the worst of it.

 
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Steve Keen Why the crisis is not over

Steve Keen Why the crisis is not over | money money money | Scoop.it

Most post-World War II recessions have lasted less than a year; this crisis has been going on for five. The preferred cure of austerity seems to be making it worse. To understand where it came from, why it hasn’t gone away, and what might work to end it, you have to understand the dynamics of private debt. Steve Keen’s models, inspired by Hyman Minsky’s ‘Financial Instability Hypothesis’, anticipated the crisis and explain why it won’t go away until private debt levels are drastically reduced. Steve Keen was one of the handful of economists to realize that a serious economic crisis was imminent, and to publicly warn of it from as early as December 2005.

 

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'We’re experiencing crisis of advanced economies' - ex-head of ECB

'We’re experiencing crisis of advanced economies' - ex-head of ECB | money money money | Scoop.it
Is Europe out of the worst when it comes to 2008 economic crisis? What needs to be done to avoid such disasters in the future? Has the euro proved to be reliable or was it a bad idea in the first place?
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The Green economy is Europe's ticket to the post-crisis world

The Green economy is Europe's ticket to the post-crisis world | money money money | Scoop.it
The European crisis-management was at each turn at best accidental and the
challenges facing the EU five years down the road are great.
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Stimulus v austerity - The Economist

Stimulus v austerity - The Economist | money money money | Scoop.it


ECONOMISTS are an argumentative bunch. Yet before the crisis most found common ground in the notion that fiscal stimulus was an obsolete relic. Monetary policy seemed wholly capable of taming the business cycle.

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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation